Trucking Business News

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

BusinessTechnologySafetyAutonomous

GM’s Cruise Targets Resumption of Driverless Rides This Year

Cruise is targeting a return to running fully autonomous rides later this year and possibly charging fares by early 2025, said people familiar with the matter.

July 25, 2024
BusinessLogistics

Lineage’s Shares Climb Up to 5% After Biggest IPO Since Arm

Temperature-controlled storage and logistics giant Lineage Inc. shares climbed as much as 5.4% in its debut as a public company after raising about $4.4 billion in the year’s largest IPO.

July 25, 2024
BusinessLogistics

Freight Rate Rebound Timeline Remains Muddy

A timeline for a rebound in freight rates and market conditions remains muddy into the second half of 2024, according to executives and analysts.

July 25, 2024
BusinessTechnology

Daimler Truck Advances Battery-Electric Ambitions in Germany

Daimler Truck’s battery-electric vehicle ambitions took another step forward as the world’s largest truck maker opened a center devoted to developing battery expertise in Germany.

July 25, 2024
GovernmentBusinessSafetyLogistics

Harris Sticking With ‘Build Back Better’ Agenda for Campaign

Vice President Kamala Harris has committed to continue pursuing policies the current administration initiated three years ago should she win the November presidential election.

July 25, 2024
Business

How to Optimize Cash Flow

Program Aired: July 25, 2 p.m. ET Find out how you can expedite the freight payment process and optimize cash flow. Tiffany Anderson, Senior Product Manager at U.S. Bank, joins TT's Joe Howard for a special one-on-one conversation to discuss her experience creating a smarter, more sustainable invoice life cycle and offer her insight on financial trends across the supply chain.  

July 25, 2024
GovernmentBusinessSafety

DOT’s Oral Fluid Testing Stalls Due to Lack of Labs, Testers

DOT drug testing of truck drivers using oral fluid collections was approved more than a year ago, but a lack of certified lab testing facilities  has stalled use of the method.

July 25, 2024
BusinessLogisticsFor-HireTop 100

Knight-Swift CEO Cautiously Optimistic as Q2 Results Stabilize

Knight-Swift Transportation Holdings reported July 24 that revenue reached just shy of $2 billion in the second quarter of 2024. The Phoenix-based carrier posted net income attributable to itself of $20.3 million.

July 25, 2024
BusinessLogisticsFor-Hire

Covenant Logistics Reports Nearly 5% Revenue Rise for Q2

Covenant Logistics Group experienced an increase in revenue but a slight decline in earnings during the second quarter of 2024, the company reported July 24.

July 25, 2024
GovernmentBusinessSafety

NTSB Voices Concerns Over Potential Downgrade of Marijuana

NTSB filed comments with DEA expressing concerns that moving marijuana from Schedule I to Schedule III of the Controlled Substances Act could end testing of the drug for truck drivers.

July 25, 2024